The King of Chicago Trading Wants to Build a GPU Market Bigger Than Oil

In this live episode of the Odd Lots podcast, hosts Tracy Alloway and Joe Weisenthal interview Don Wilson, founder and CEO of DRW, about the future of trading. Wilson discusses his prediction that GPUs will become the world's largest commodity and the efforts to create a liquid market for compute through his companies Compute Exchange and Silicon Data, including the creation of tradable indices. The conversation explores the potential for GPU futures, the role of neoclouds, and the challenges of deterministic matching engines in the cloud. Wilson also shares DRW's use of AI in trading decisions and expresses his excitement about tokenized trading using the Canton blockchain, predicting that all financial instruments will be on-chain within five years. The discussion touches on prediction markets, the increasing intermingling of professional and retail trading, and the regulatory landscape for new futures platforms.